An All-In-One Wealth Transfer Checklist

Money is one subject that families are often reluctant to talk about.

Death is another. 

Combine them—as in talking about your estate plan—and avoidance is a common reaction.
Nonetheless, talking with family members about plans to protect and transfer assets can help avoid unwelcome surprises and unnecessary stress after you or your spouse passes. 

Talking about money and values can also strengthen family ties and develop a shared purpose while you are alive and able to enjoy the results.

https://www.fidelity.com/viewpoints/personal-finance/wealth-transfer-checklist

Learn Liberty VIDEO of the Week: "Why Does 1% of History Have 99% of the Wealth?"

Today's #LearnLibertyClassic asks: Why does 1% of history have 99% of the wealth?
Posted by Wendy McKeever Lack on Monday, July 6, 2015

What Does Wealth Mean to Women...

 

What Does It Mean to Be "Rich" in America?

The vast majority of investors, 84%, associate wealth with greater security, but older investors are more likely to view security has a hallmark of being rich.

More than 87% percent of investors ages 61 and over associate wealth with security, compared to 72% of investors 40 and under.

Younger investors are more apt to associate “More Happiness,” “More Fun” and “Less Work” with being wealthy, while older investors are more likely to feel the wealthy have more responsibility and a more complicated life.

Americans tend to define “Rich” primarily by wealth level, as opposed to lifestyle or income, while less affluent investors, those with less than $100,000 in investable assets, are more apt than higher net worth individuals to define the wealthy by income and lifestyle.

Eureka! After Plunging in 2008, Net Household Wealth Reaches A New High!

Obamanomics: Not Spreading The Wealth...

Most Americans Say $150,000 Annual Income Makes You Rich: Gallup

It's not only 1 percenters that Americans consider rich.

More than half of those recently polled by Gallup said an income of no more than $150,000 would qualify that person as rich.

When asked how much money per year would be necessary for them to consider themselves "rich," 53% mentioned an income of $150,000 or less, and 71% said an income of $300,000 would be enough.

Wealth marketing firm HNW Inc. considers an income of more than $350,000 per year enough to push someone into the top 1%.

But they also say most one percenters aren't aware of their exceptional status.

Socialism vs. Capitalism: The Critical Distinction ...In A Nutshell

by John G. Harris

"Because Socialism Redistributes The Wealth That Capitalism Creates..."
 

...Socialism is NOT an Economic System.  

Socialism CANNOT create jobs, opportunity or wealth on its own. Instead Socialism confiscates the wealth that Capitalism creates in order to redistribute it. 

Capitalism, on the other hand, creates wealth and is therefore a viable Economic System which has, over time, increased living standards and the quality of life. 

Socialism, instead, is a POLITICAL System, NOT an Economic System because Socialism DOES NOT create an economic benefit in, of, or by itself. 

Instead Socialism serves as a parasite - by virtue of  Socialism's confiscation and redistribution of the wealth that Capitalism creates. 

Capitalism, which is rooted in liberty and freedom of choice, is Economically Motivated. 

Socialism, which can only succeed by engaging in the imposition of coercion, is Politically Motivated, serving as political tool to restrict freedom and concentrate power by force.

In sum, because it's a parasite, Socialism CANNOT subsist on its own - NOT without its host - Capitalism - which provides its sustenance.

"Parasitism is a type of symbiotic relationship between two different organisms. The parasite benefits from a prolonged, close association with the host, which is harmed."